Page 4 - Jet Fuel

SpiceJet, GMR group announce sustainable aviation fuel initiatives

Globally, International Air Transport Association has set a target for airlines to achieve net zero emissions by 2050

ATF price hiked by steepest ever 18% to all-time high as crude oil surges

Jet fuel prices on Wednesday were hiked by over 18 per cent - the steepest ever increase - to all-time high levels after international oil price surged to a multi-year high

ATF price hiked by 3.3% to all-time high levels; fifth increase this year

Jet fuel prices on Tuesday were increased by 3.3 per cent to all-time high levels across the country, in step with international oil prices surging to over seven-year-high. This is the fifth hike in jet fuel or Aviation Turbine Fuel (ATF) prices this year following an unrelenting rise in global oil prices, but petrol and diesel prices remained unchanged for a record 116th day in a row, coinciding with electioneering to elect new governments in states like Uttar Pradesh and Punjab. ATF price was hiked by Rs 3,010.87 per kilolitre or 3.22 per cent to Rs 93,530.66 per kl in the national capital, according to a price notification of state-owned fuel retailers. Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs. The previous peak of Rs 71,028.26 per kl was recorded in August 2008 when international crude oil prices touched USD 147 per barrel. Brent crude oil on Tuesday was trading above USD 100 per barrel. ATF prices hav

Aviation turbine fuel prices climb to record high after 5.2% hike

ATF price was hiked by Rs 4,481.63 per kilolitre or 5.2 per cent to Rs 90,519.79 per kl in the national capital, according to a price notification of state-owned fuel retailers

Airlines to raise fuel surcharges on international routes in March

South Korean airlines are set to raise fuel surcharges on international routes next month as jet fuel prices rise at a faster pace, industry people said on Wednesday.

IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel

Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.

Gujarat govt announces reduction in VAT on aviation turbine fuel by 20%

The Gujarat government on Tuesday announced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to bring the levy at 5 per cent in a move to boost tourism in the state.

IOC gets Rs 2,281 crore as Air India clears 80% of jet fuel dues

State-owned fuel company lists recovery from carrier and increasing air traffic as positives for its business.

Karnataka government reduces VAT on aviation turbine fuel to 18%

The decision will bring relief to airlines and help airlines reduce their fuel expenses

Nevada airport faces cargo, passenger flight delays from jet fuel shortage

The airport serving Nevada's second largest metro area faces a shortage of jet fuel that could force the cancellation of cargo and passenger fights that could restrict the flow essential goods

Air travel may become expensive as jet fuel price increases again

State-run refiners increased the jet fuel prices on Friday adding more worries to the Indian carriers struggling to reboot operations after extensive disruptions due to the fresh wave of pandemic

HPCL Aviation wing commissions fuel station at Assam's Rupsi Airport

Hindustan Petroleum Corporation Ltd (HPCL) Aviation wing has commissioned its aviation fuel station at Rupsi Airport in Assam's Kokrajhar district

ATF price hiked 6.7%; petrol, diesel price increase may be on the anvil

The increase in price comes after two rounds of reduction last month

Jet fuel price cut by 1% amid softening international crude oil prices

This is the second reduction in rates this month

Jet fuel price cut by 3% in line with softening international crude prices

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices

Civil aviation min working on demand to bring jet fuel under GST: Kharola

ATF or jet fuel cost in India is among the highest in the world and the industry has long been demanding that it should be brought under GST regime

Top headlines: PM Modi receives Covid jab; ATF price raised by a steep 6.5%

Business Standard brings you top news of the evening

Airspace stimulus to save over Rs 1,000-crore in jet fuel costs in FY21

Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline

Demand for petrol and diesel back to normal, jet fuel remains tepid

Diesel purchases went up for first time this financial year in October 1-15 period. Consumption of diesel was up 8.8%, of petrol by 1.5% YoY

Jet fuel price up almost 2%, kerosene rate cut by Rs 2.19 per litre

Jet fuel (ATF) price was hiked by almost 2 per cent on Thursday, while rate of kerosene sold through PDS was cut by Rs 2.19 per litre as oil firms synced rates in line with international cost.